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Token
A type of cryptocurrency that represents an asset. See CSPR.
Transaction
Transactions are a unit of work sent by a client to the network, which when executed can cause global state to be altered. They were introduced with Casper's Condor release and supersede the concept of a Deploy. Transactions offer more efficient means of interacting with a Casper network, but legacy deploys will continue to function, in most cases. More information on transactions can be found here.
Turing-complete blockchain
Turing completeness refers to the ability of a machine to execute computational problems on its own by deciding or recognizing data manipulation rule sets.
For a blockchain to be Turing-complete, it means that it can understand and execute any smart contract given enough resources such as a robust code-base (necessary instructions), time, processing power, memory, etc. without human interaction or interference.